Chevy Chase bias case addresses branching policy alone for first time. (Chevy Chase Federal Savings Bank F.S.B. discrimination in mortgage lending case)(includes related article on other mortgage discrimination cases)

ABA Banking Journal, October, 1994 by Cocheo, Steve

Chevy Chase Federal Savings Bank F.S.B. settled a federal anti-discrimination lawsuit to avoid costs of prolonged litigation. The Department of Justice charged the thrift with discrimination against African-Americans in Washington, DC, in its mortgage lending practice and branching strategy. Chevy Chase denies the allegations and says it had produced over 1,600 mortgages in Washington with 71% of those loans in neighborhoods that the bank was accused of not servicing. This case is the first time the Justice Department has focused on branching strategy.

The federal government's attack on loan bias has taken a new turn with the summer's conclusion of a settlement agreement with a large Washington, D.C.-area thrift accused of redlining African-American neighborhoods....

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